All the business benefits of utilizing a point-of-sale (POS) system multiply when combined with the capabilities and opportunities of cloud computing. This additional software ability can maximize the effectiveness of a POS system for a business and contribute many positive solutions of its own. Customers, business owners, and employees alike will appreciate the features that make cloud computing systems better, faster, and more robust.
What is Cloud Computing Software?
The cloud is an online-based data storage software that’s secure and accessible from anywhere, at any time. The cloud allows for data to be stored, accessed, and analyzed within an online platform, offering more flexibility and options for users. A system or device that utilizes cloud computing provides a way to “cut the cord” from hardware storage solutions and offers a range of other features that business owners can apply.
Cloud-Based POS System
A POS system based on cloud computing software abilities opens the door for users with multiple storefronts, both in-person and online, to compile essential data on transactions, inventory, labor, productivity, and much more all in one secure, accessible place. The software analytics of a cloud POS system can develop valuable reports and data insights for business owners to use for informed decision-making.
Benefits of a Cloud-Based POS System
For a company that also utilizes cloud computing, a POS system can combine these features with the many helpful attributes of cloud computing software.
Hardware storage system restraints break down with cloud-based POS computing systems. By storing all data and information in an online cloud center, staff can view insights and reports from any device at any time.
Cloud-based reports also allow for convenient data and report sharing with approved members of the business or outside sources. Instead of downloading needed information from a hard drive or device, cloud computing allows for easily gated access to specific data or sharing of files when needed.
Convenient Storage Location
Keeping data straight and organized when a business has multiple locations can be a challenge for business owners. Whether a business has a few locations around an area or even a solid online sales presence, having all the data and insights a POS system can automatically collect stored in one place makes analyzing and using data insights so much easier. Streamlining the data collection process saves both time and money for companies as they grow and move toward increased sales and profits.
Data and information are some of the greatest assets a business can have, but they can also be challenging to protect. With the rapid growth of cybercrime and online hackers, security must be a top priority. In addition to the threat of cyber theft, data can also fall victim to failed backups and crashes that come with a hardware storage system.
Safety and security are significant benefits of cloud computing services because of the internet-based location. Since the service doesn’t have a hardware element to store information, your data is safeguarded from hardware crashes or physical damage.
Cloud computing services’ online nature also provides access to integrated cyber safety applications. Cloud services typically store data over a range of servers, keeping information safer from system failure. Cloud services also typically provide cyber safety measures to counteract threats to your information.
There’s a reason we’re no longer storing information on floppy disks or bulky hard drives. There’s a better way now! Businesses could still be struggling with outdated devices or systems that constantly need updates. These updates can take serious time, keeping your system from operating while they download. As these software systems become more advanced, they can require newer hardware to keep running storage systems and collecting POS data. These constant updates start to add up on the budget sheet over time.
The online nature of cloud computing with a POS system means freedom from costly updates and constant software uploads. Cloud systems can automatically update with the newest technology without costing business owners time and money with each new advancement.
POS System Updates
In addition to the many software advantages of a cloud computing POS system, this type of setup also allows for additional capabilities and more versatile options for devices on the front end of a transaction. This process can allow more freedom with transactions on devices. Instead of stationary hardware systems that take up space on a counter and typically come with a list of limitations, cloud computing POS software opens up the possibility for mobile devices, tablets, and modern touch screen monitors. Fewer limitations mean employees can be mobile within a store and still perform transactions and clear up the look of a front counter area.
More than just an esthetic upgrade, POS mobility makes outside sales a real possibility for some businesses. Staff may take the POS transaction device to a trade show or a sales event to broaden the scope of sales and gain new customers in various settings.
Utilize Cloud Computing
Both POS systems and cloud computing software come with a range of benefits for business owners to utilize. When the capabilities of both systems are combined, the possibilities are endless for growth, productivity, and revenue.
Some POS systems run seamlessly with cloud computing software—which is the fastest and easiest way to get all the benefits of a cloud computing POS system for a business. Setup is quick, and the services are typically available immediately.
Suppose a business already has a POS system in place and wants to gain the advantages of cloud computing. In that case, many systems can be equipped to run cloud computing and storage software with the existing hardware system.
Whether setting up a new system or upgrading an existing one, an investment in a cloud-based POS system can enhance business productivity and security.
BNG Point-of-Sale has solutions to improve your bottom line. With a full selection of POS systems for various businesses, you’ll find the right tool to grow your business with the personalized support you need. Connect with us to learn more.